German police conducted a raid on the data center company Northern Data, whose major shareholder is Tether

ChainCatcher news, according to Bloomberg, the Frankfurt public prosecutor's office stated on Friday that German police conducted a raid on the data center company Northern Data.

A spokesperson for the agency declined to comment on the targets of the search or what the investigators were looking for. He stated that the prosecutor's office would provide more details on Monday. Northern Data initially provided computing resources for cryptocurrency miners, but with the increasing demand for artificial intelligence technology, the company has recently shifted to offering AI services. The major shareholder of Northern Data is Tether Holdings SA. Last month, Bloomberg reported that Rumble was considering acquiring Northern Data in an all-stock transaction, which would value the target company at approximately $1.17 billion.